Entergy Co. (ETR) Position Reduced by Mitsubishi UFJ Trust & Banking Corp
Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of Entergy Co. (NYSE:ETR) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 365,061 shares of the utilities provider’s stock after selling 3,313 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of Entergy worth $27,876,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also bought and sold shares of the stock. WINTON GROUP Ltd grew its position in Entergy by 922.8% during the third quarter. WINTON GROUP Ltd now owns 100,156 shares of the utilities provider’s stock worth $7,648,000 after buying an additional 90,364 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Entergy during the third quarter worth about $279,000. Zeke Capital Advisors LLC purchased a new position in Entergy during the third quarter worth about $296,000. Cadence Capital Management LLC lifted its stake in Entergy by 33.3% during the third quarter. Cadence Capital Management LLC now owns 11,000 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 2,745 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Entergy by 9.5% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,600 shares of the utilities provider’s stock worth $1,115,000 after purchasing an additional 1,267 shares during the last quarter. Institutional investors and hedge funds own 82.95% of the company’s stock.
In other Entergy news, insider Haley Fisackerly sold 4,800 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $87.00, for a total transaction of $417,600.00. Following the completion of the transaction, the insider now owns 5,276 shares of the company’s stock, valued at approximately $459,012. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marcus V. Brown sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $86.42, for a total value of $259,260.00. Following the transaction, the executive vice president now owns 22,264 shares in the company, valued at approximately $1,924,054.88. The disclosure for this sale can be found here. Insiders have sold a total of 57,812 shares of company stock valued at $4,907,522 in the last ninety days. 0.24% of the stock is currently owned by corporate insiders.
Entergy (NYSE:ETR) last released its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.24 by $0.11. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.13 billion. Entergy had a positive return on equity of 14.76% and a negative net margin of 7.82%. During the same quarter in the prior year, the company posted $2.31 EPS. analysts expect that Entergy Co. will post 6.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Thursday, November 9th were given a dividend of $0.89 per share. This is a positive change from Entergy’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Wednesday, November 8th. This represents a $3.56 dividend on an annualized basis and a yield of 4.28%. Entergy’s dividend payout ratio is presently -72.06%.
Several equities research analysts have issued reports on ETR shares. TheStreet raised Entergy from a “c” rating to a “b-” rating in a research note on Friday, October 27th. Mizuho raised Entergy from a “neutral” rating to a “buy” rating in a research note on Friday, November 17th. Jefferies Group raised Entergy from a “hold” rating to a “buy” rating in a research note on Monday, October 16th. Citigroup raised Entergy from a “neutral” rating to a “buy” rating and set a $91.00 price target for the company in a research note on Friday, October 13th. Finally, BidaskClub raised Entergy from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $82.42.
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Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company operates through two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business.
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